Brokerages Set Easterly Government Properties Inc (DEA) PT at $21.00

Shares of Easterly Government Properties Inc (NYSE:DEA) have been given an average recommendation of “Hold” by the six ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $21.00.

DEA has been the subject of a number of research analyst reports. Citigroup reduced their target price on Easterly Government Properties from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, March 29th. Zacks Investment Research lowered Easterly Government Properties from a “buy” rating to a “sell” rating in a report on Monday, May 13th.

In related news, Chairman Darrell W. Crate sold 8,125 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $18.10, for a total transaction of $147,062.50. Following the completion of the sale, the chairman now directly owns 64,154 shares in the company, valued at $1,161,187.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Alison M. Bernard sold 20,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $18.03, for a total value of $360,600.00. Following the sale, the chief accounting officer now owns 20,501 shares of the company’s stock, valued at $369,633.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,250 shares of company stock valued at $971,749. 12.10% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in DEA. Vanguard Group Inc. raised its holdings in shares of Easterly Government Properties by 18.3% during the third quarter. Vanguard Group Inc. now owns 6,535,031 shares of the real estate investment trust’s stock worth $126,583,000 after acquiring an additional 1,010,420 shares in the last quarter. Kennedy Capital Management Inc. raised its holdings in shares of Easterly Government Properties by 208.7% during the first quarter. Kennedy Capital Management Inc. now owns 916,732 shares of the real estate investment trust’s stock worth $16,510,000 after acquiring an additional 619,807 shares in the last quarter. Federated Investors Inc. PA raised its holdings in shares of Easterly Government Properties by 172.6% during the first quarter. Federated Investors Inc. PA now owns 708,781 shares of the real estate investment trust’s stock worth $12,765,000 after acquiring an additional 448,781 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Easterly Government Properties by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 4,347,180 shares of the real estate investment trust’s stock worth $78,292,000 after acquiring an additional 413,255 shares in the last quarter. Finally, Cohen & Steers Inc. raised its holdings in shares of Easterly Government Properties by 16.8% during the fourth quarter. Cohen & Steers Inc. now owns 2,837,638 shares of the real estate investment trust’s stock worth $44,494,000 after acquiring an additional 407,761 shares in the last quarter.

Shares of DEA traded up $0.11 during trading hours on Friday, hitting $18.65. 3,055 shares of the company were exchanged, compared to its average volume of 431,806. The firm has a market cap of $1.28 billion, a PE ratio of 15.96, a P/E/G ratio of 6.58 and a beta of 0.77. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.72. Easterly Government Properties has a one year low of $15.16 and a one year high of $20.59.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.32). The company had revenue of $50.60 million for the quarter, compared to the consensus estimate of $49.73 million. Easterly Government Properties had a return on equity of 0.35% and a net margin of 2.15%. The business’s revenue was up 40.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 earnings per share. On average, equities research analysts anticipate that Easterly Government Properties will post 1.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Monday, June 10th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, June 7th. This represents a $1.04 annualized dividend and a dividend yield of 5.58%. Easterly Government Properties’s dividend payout ratio is 88.89%.

About Easterly Government Properties

Easterly Government Properties, Inc (NYSE:DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.

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